This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.

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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford

Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin

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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj

Thursday, 25 February 2016

I was looking for a retreat from 6000 or another false break pattern then reverse....instead we have a bullish power candle that looks like it is going to break out....central bankers in command again ? sigh

best hope for bears is bearish twin towers reversal ie a negative candle tomorrow that reverses today's gains but for now this is bullish

Wednesday, 24 February 2016

From financial letter "Capital and Conflict",author Nikolai Hubble

The nitty gritty details of a Brexit are starting to emerge.
Anatole Kaletsky, the chief economist and co-chairman of Gavekal
Dragonomics and former columnist at The Times of London, has pointed out
that the World Trade Organisation would have a lot to say about
British-EU trade under Brexit:

Britain would need to negotiate access
to the European single market for its service industries, whereas EU
manufacturers would automatically enjoy virtually unlimited rights to
sell whatever they wanted in Britain under global World Trade
Organization rules.

That’s a whopping argument in favour of Bremain. But where is the
estimation of how trade would boom once Britain were free to make
unilateral trade deals with countries the EU doesn’t like?

One Capital & Conflict reader emailed in an excellent
analysis of the constitutional implications of leaving the EU. The
problem is, as for every other argument about Brexit, I’ve heard a
persuasive argument on the same issue made for staying in the EU.

Having a supranational government with a developed human rights
system reduces the ability of a single government from abusing your
human rights. This applies to the UK’s terrorism laws especially. But as
reader Dr. D.B. points out below, the British constitutional system is
better than the EU one in some or many ways. Of course nobody can agree
on what’s better or worse anyway.

Here’s Dr. D.B.’s thoughtful take on this, and thanks for sending it in:

Dear Nickolai,

Thank you for your interesting email.

The key difference between England in the EU and out of the EU is: The Legal and Constitutional System.

Within the EU, there is no Habeas
Corpus (i.e. you can be arrested without evidence and imprisoned
indefinitely without trial; on release, you have no possibility of
compensation). Under the European Arrest Warrant, you can be arrested in
Britain (and people have been) and imprisoned in the EU. Outside the
EU, however, we have the English legal system to safeguard our
individual liberties.

Within the EU, the individual exists
for the benefit of the State. Outside the EU, however, the State exists
to serve the individual.

Within the EU, we are powerless to
remove those in charge, and the European Parliament is powerless to do
anything other than vote on what it has been asked to by the Commission.
Our own parliament becomes a rubber-stamping irrelevancy. Outside the
EU, however, we can (and often do) eject those in power from their
positions by our votes. Our parliament determines the bills that are
enshrined into law – and those that are rejected.

Within the EU, our monarch is an
irrelevancy: by signing the treaty that took us into the EEC [European
Economic Community], she (perhaps traitorously) abdicated her role as
the guardian of the rights of the people against any impositions on
those rights by government. Outside the EU, however, she would (we hope)
resume her constitutional role as representative of the rights of the
people against unconstitutional incursions by government.

The structure of the EU is very
similar to that of the old USSR. The EU could thus easily slip into a
totalitarian dictatorship. If it could... it probably will!

As for our mode of exit, we should
forget about Clause 50, and simply declare, unilaterally, that our
membership of the EU is unconstitutional, and thus was never valid.

These issues are all (it seems to me) of far greater weight than any of the issues that you mention.

"We are strong advocates of the charts providing the best and most reliable
information. Even the most respected gold and silver experts do not know when
the effects of globalist bankers' manipulation will lose their impact. Each
week is one week closer to a final resolve, but no one knows if there are 2
more weeks, 20 more weeks or how much longer price can continue sideways to
lower in a bottoming process."

Tuesday, 23 February 2016

so it seems that the Ftse attempted to break through the previous high at 6033,reversed and is back below 6000 and that a top may be in,so we could now fall to to make another low in the 5600 area....if the previous low were to break that would be very bearish

Wednesday, 17 February 2016

"I find it fascinating the mainstream corporate media and Wall Street shysters spend SO MUCH time talking down gold and spending an inordinate amount of electronic ink trying to convince the masses that only nutjobs would buy it.I believe less than 2% of people have gold in their investment portfolio, so why the endless articles bashing it?

The suppression of gold prices through the paper market since 2011 by the Fed and their Wall Street bank co-conspirators has thus far been successful, but it is fraying at the edges as China continues to accumulate physical gold
and pushing the ponzi scheme towards its inevitable conclusion. Soaring
gold prices tells the masses central bankers are a fraud, that’s why
they are desperate to keep the price capped."

Famed investor Jim Rogers is warning that financial Armageddon is
just around the corner, and it's being fueled by moronic central
bankers.

"We're all going to pay a horrible price for
the incompetence of these central bankers," he said Monday in a TV
interview with CNNMoney's Nina dos Santos. "We got a bunch of academics
and bureaucrats who don't have a clue what they're doing."

of course,Jim Rogers subscribes to the "incompetence " theory rather than to conspiracy :-)

Wednesday, 10 February 2016

"Sunday, 26 July 2015

BKX

some observations on BKX,the US banking index

BKX peaked at
121,bottomed at 18...............the 61.8% retracement is 81

121 is 11 squared.....81 is 9
squared.....so there is lots going on if you follow the square of 9
121-81 is 40
40 is 33% of 121 (40.3) if you wish to be exact)
81 is 4.5 x 18
there are 7 cycles of 9 from 18 to 81.......7 is a terminal cycle
so 81 is not a level to be taken lightly....we got to 80.87 last week "

Tuesday, 9 February 2016

Monday, 8 February 2016

Sunday, 7 February 2016

I am looking down for this week. suspect the wave 4 count (posted for NYSE a few days back) is in play

Per John Murphy:It's never a good sign to see the Nasdaq leading
the rest of the market lower, which it did this week......Heavy selling
in software and internet stocks were especially troubling. So is its
chart pattern. ...On a closing basis, the Nasdaq is at the lowest
closing level in more than a year. In addition, the Nasdaq/S&P 500
ratio has fallen to the lowest level in a year. That's a bad omen for
the rest of the market. Weekly MACD lines have fallen to the lowest
level since 2009. That greatly increases the odds that the Nasdaq will
undercut its 2015 lows. That would complete a "double top" reversal
pattern which would signal another downleg. If that happens, other
major stock indexes will most likely do the same. That would also
confirm that the stock market has entered a bear market.
(thanks to Bobo for the link)

Price action in gold was very positive last week and I think it likely the lows are in .The triangle breakoit posted on RRS is looking good !

Thursday, 4 February 2016

Monday, 1 February 2016

Thanks to Wile for this ,from Doug Casey

Sociopaths completely lack a conscience or any capacity for real
regret about hurting people. Although they pretend the opposite.
Sociopaths
put their own desires and wants on a totally different level from those
of other people. Their wants are incommensurate. They truly believe
their ends justify their means. Although they pretend the opposite.
Sociopaths
consider themselves superior to everyone else, because they aren’t
burdened by the emotions and ethics others have - they’re above all
that. They’re arrogant. Although they pretend the opposite.
Sociopaths
never accept the slightest responsibility for anything that goes wrong,
even though they’re responsible for almost everything that goes wrong.
You’ll never hear a sincere apology from them.
Sociopaths have a
lopsided notion of property rights. What’s theirs is theirs, and what’s
yours is theirs too. They therefore defend currency inflation and
taxation as good things.
Sociopaths usually pick the wrong target
to attack. If they lose their wallet, they kick the dog. If 16 Saudis
fly planes into buildings, they attack Afghanistan.
Sociopaths
traffic in disturbing news, they love to pass on destructive rumors, and
they’ll falsify information to damage others.
Doug Casey